Tulsa-based Alliance Resource Partners, L.P. and the Alliance Holdings GP, L.P., companies that distribute coal nationally, have announced a cash distribution has been approved to respective unitholders for the quarter ending March 31, 2017.
The ARLP unitholders will get a cash distribution of $0.4375 per unit or an annualized rate of $1.75 per hit payable on May 15, 2017. The distribution is equal to those declared for the quarters that ended Dec. 31, 2016 and March 31, 2016.
The unitholders in AHGP will get a cash distribution of $0.55 per unit or $2.20 per unit on an annualized rate. The rate is also the same as those declared in two earlier quarters.
Company financial results for the first quarter of the year will be announced May 1, with a conference call starting at 10 a.m.
Founded in 1971, the Oklahoma company produces and markets coal to utilities and industrial users in two segments, the Illinois Basin and Appalachia. It has eight underground mining operations in Illinois, Indiana, Kentucky, Maryland and West Virginia. It also leases mining operations in Maryland and West Virginia and operates a coal-loading terminal on the Ohio River at Mt. Vernon, Indiana.